<div dir="ltr">All valuable trading commodities for sure.</div><div class="gmail_extra"><br><br><div class="gmail_quote">On Fri, Sep 6, 2013 at 10:20 AM, Lynn Dixon <span dir="ltr"><<a href="mailto:boodaddy@gmail.com" target="_blank">boodaddy@gmail.com</a>></span> wrote:<br>
<blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir="ltr">I have to say thats a pretty foolish assumption. BFL probably doesn't pay their staff in BTC, they probably don't pay their utilities in BTC, and they probably don't pay for their raw materials and greig goods in BTC. It's just foolish to assume they have no faith in BTC because they operate as an american company, with american employees, and amercian expenses.<div>

<br></div><div>Just for the hell of it:</div><div><br></div><div><a href="http://www.namecheap.com/support/payment-options/bitcoin.aspx" target="_blank">http://www.namecheap.com/support/payment-options/bitcoin.aspx</a><br>
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</div><div><a href="http://en.blog.wordpress.com/2012/11/15/pay-another-way-bitcoin/" target="_blank">http://en.blog.wordpress.com/2012/11/15/pay-another-way-bitcoin/</a> (WordPress uses it because PayPal, which is horrible, blocks several countries)<br>

</div><div><br></div><div>So, I found this vendors with a 5 minute google search. Does that seem like a "scam"?? Certainly not.</div><div><br></div></div><div class="gmail_extra"><br><br><div class="gmail_quote">
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<div dir="ltr">John, that means either: Butterfly has no faith in Bitcoins OR they cannot purchase their supplies with Bitcoins.<br><br>It just further proves why Bitcoin is only worth something to someone who can change bitcoins into an actual physical currency. <br>

<br>Butterfly Labs wants ONLY USD. Whether or not a third party can do the exchange for you does not change that they see no inherent value in accepting bitcoins directly.</div><div class="gmail_extra"><br><br><div class="gmail_quote">

Quoting Mike Robinson <<a href="mailto:miker@sundialservices.com" target="_blank">miker@sundialservices.com</a>>:<br>
[mega-snip]<br>
<blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
The "scam" issue arises from, not any technical fault of bitcoin per-se, but rather of human nature: "money for nothing." People can be and are persuaded to pay $5,000 USD for, literally, "a money-making machine." The system is based on "trust," basically in the complexity of a computer algorithm and on "one another" (most of whom are people you have never met and never will), yet it lacks recourse. Thus, the perception that "this IS a nugget of gold" can be fostered, and, having thus been fostered, it can and therefore will be abused. The one sure-fire way to turn a bitcoin into a fungible unit of currency is to build and to sell a money-machine for $5,000. (I don't see them saying that you can pay for 'em in bitcoin.)<br>

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</blockquote>
Technically, you are correct. You cannot **DIRECTLY** pay for a Monarch or other Bitcoin mining device in Bitcoins. However they have a 3rd-party who will exchange your Bitcoins for $USD and allow you to purchase from Butterfly Labs using your Bitcoins. Likely for a small exchange fee.<br>